It’s not the unemployment rate, stupid! It’s total employment

Its time to tell the media to focus on numbers that matter, not numbers that dont.

By Chris Carosa|April 09, 2014 at 05:38 AM|Originally published on Benefitspro.Com

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Why does anyone pay any attention to the unemployment rate? If it’s not clear by now it’s a meaningless number, then a soon-to-be published white paper will put the issue to bed. I bumped into this ditty because I know the researcher and, as someone who speaks frequently on the subject of educating 401k investors, I was looking for some interesting economic data. (To see how this is all tied together, you might want to read “Employment Statistics, Fiduciary Duty and 401k Investor Angst,” FiduciaryNews.com, April 8, 2014.)